A Little About Perdido Key...

The Perdido Key real estate market is now considered a rising market in the eyes of appraisers. The
realtors who work on the Key have seen this trend for months in pockets and it is translating now across
nearly every segment of the market. Inventory remains low, 22% below the 3 year average and prices
have risen approximately 2 percent in 2014. First quarter 2015 has been the best quarter for sales
volume in years. Certain categories and types have shown greater price bumps, the condos in Lost Key
Golf and Beach Club for instance. Uncharacteristic is higher inventory in Indigo and the same with the
very low availability of Palacio residences. These newer projects are selling well when priced within fair
market values. Older, "vintage" condos built in the 1980's are more affordable and sell in very short
order.

The great news is that new construction is finally coming back to Perdido Key. Vista Del Mar will break ground in April with a completion date in 2016. 70% of the 64 luxury residences have been pre-sold. WCI's Lost Key Golf and Beach Club is preparing infrastructure on its site. New residences will come out
of the ground in the next few months. Multi-plexes of various floor plans are anticipated along the golf
course lots being prepared.